Gate Insights and Crypto Market Analysis

Kumho Tire disclosed on the 30th that its Q2 consolidated operating profit increased 4% year-over-year to 182.2 billion won, while revenue rose 9.1% to 1.3328 trillion won. The growth was driven by increased original equipment (OE) tire supply in North America and Europe and higher replacement

Coinbase faces a challenging second-quarter earnings report on Thursday as Wall Street analysts cut their estimates following a sharp drop in trading volumes. The company's Q2 trading slump was driven by sustained crypto price declines in April and May, when Bitcoin fell approximately 14% and

Seoul police reported that a fake staking site impersonating Flare Network and FXRP stole 3.4 million XRP from 71 investors over eight days last October, worth 12.3 billion won ($8.5 million). The site, Fxrpntwork.com, shut down on October 23 after operators directed victims to transfer XRP

The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded net outflows totaling $67.4 million across three trading days in late July 2026, as institutional investors reduced exposure during a period of heightened cryptocurrency market volatility. On July 23, 2026, the fund registered a $21.49 million ou

Perplexity AI open-sourced Numbat on July 29, 2026, an agent-detection and response framework designed to secure AI coding agents against security incidents known as "accidental meltdowns." The tool addresses a newly recognized class of threats where autonomous AI agents take harmful actions

Core Scientific paid a $41.9 million loss to exit its Bitcoin mining chip supply agreement with Block, according to the company's second-quarter regulatory filing. The settlement canceled the existing contract and all future equipment deliveries, a decision Core Scientific tied directly to the

Hong Kong stocks closed mixed on Thursday July 30 as sector performance diverged sharply. The Hang Seng Index rose 0.2% to 25858.88 points while the Hang Seng Tech Index fell 1.25% to 4803.77 points. Education stocks surged on strong earnings from New Oriental-S, which jumped 18.84% after

Manuel V. Pangilinan announced succession planning for his diversified business group during a Meralco briefing on Wednesday, July 29, identifying younger leaders in their 30s and early 40s to assume key positions. The 80-year-old tycoon, who chairs telecommunications giants PLDT and Smart, power di

South Korean retail investors purchased $749.2 million in US bonds this month (1-29th), marking the largest monthly net buying of the year, according to Korea Securities Depository data released on the 30th. The surge reversed a net selling position of $166.58 million in the previous month, driven b

Short-selling investors in Korean stocks generated substantial estimated returns during the one-week period from July 21 to July 28, according to data from Korea Exchange and Daishin Securities. Eight out of the top 10 stocks by short-selling ratio saw their prices fall below average short-selling p

Bank of Korea participated in a live transaction test for Project Agora this month. The test confirmed that the platform's core functions, built in May, can operate stably in near-production conditions. Project Agora is a global initiative using tokenized central bank reserves and commercial bank

Aave proposed deprecating dozens of low-adoption asset reserves and winding down six blockchain deployments in a governance initiative announced Thursday by founder Stani Kulechov. The proposal, prepared by risk service provider LlamaRisk, would affect approximately $98.1 million in supplied

South Korean financial authorities have launched an investigation into foreign high-frequency trading (HFT) suspected of amplifying volatility in the domestic single-stock leveraged exchange-traded fund (ETF) market. Authorities obtained trading records from Korea Investment & Securities and

HD Korea Shipbuilding & Offshore Engineering surged 10% on the 30th, closing at 368,500 won, while Hanwha Ocean and Samsung Heavy Industries rose 6.30% and 5.93% respectively, driven by strong second-quarter earnings from South Korea's shipbuilding Big 3. The rally reflected the companies'

Australia's online safety regulator, the eSafety Commissioner, launched civil penalty proceedings against Telegram in the Federal Court on Thursday over allegations the messaging platform failed to remove terrorism-linked content. The authority alleged Telegram breached obligations under the

FX swap points in South Korea's foreign currency funding market closed mostly flat on July 30 amid mixed supply and demand. The 1-year maturity FX swap point ended unchanged at minus 12.50 won, while shorter-term instruments showed limited movement. Market participants attributed the range-bound

Japanese stocks showed mixed performance on the 30th, with the Nikkei 225 index rising 433.24 points (0.71%) to close at 61,867.43, while the Topix index fell 21.53 points (0.54%) to 3,952.50. The Nikkei rebounded after three trading days of declines, driven by buying in AI and

POSCO Holdings announced plans to sell KRW 3.5 trillion in listed subsidiary stakes by the end of next year, raising concerns about reduced dividend capacity. The company will reduce its ownership in listed subsidiaries to 50%, allocating 90% of proceeds to lithium plant investments and 10% to

The US International Development Finance Corporation (DFC) announced a $4.84 million investment in Harena Rare Earths' Ampasindava rare earth project in Madagascar to support pilot plant operations, metallurgical testing, and environmental studies. The funding aims to diversify US critical mineral s